NKN/USDT — Epic Reversal from Major Demand Zone

🔍 Chart Breakdown:

1. Strong Historical Demand Zone:

Highlighted by the thick yellow box between $0.0055 – $0.0240.

Price has returned to this accumulation range, which previously launched a major rally in 2021.

2. Potential Bullish Reversal Pattern:

After hitting the lower support, recent weekly candles suggest a potential double bottom or bullish engulfing pattern forming.

The yellow projected path shows a possible gradual recovery.

3. Layered Resistance Levels (Take-Profit Targets):

$0.0340

$0.0451

$0.0572

$0.1369

$0.2001

Up to $0.3050 as a major psychological barrier

4. Profit Potential:

From the current price (~$0.0242), reaching the top target of $0.3050 offers a potential gain of over +1100% in the medium to long term.

5. Bearish Exhaustion & Sentiment Shift:

The long downtrend since 2021 appears to be losing momentum.

Buyers are defending this critical historical support zone.


🛡️ Conclusion:

NKN is at a pivotal level, sitting on a historically significant support zone. If volume increases and price holds above the demand area, a strong reversal could play out. This setup presents a high-risk, high-reward opportunity worth monitoring closely in the coming weeks.

#NKN #AltcoinSeason #CryptoReversal #NKNUSDT #Binance #CryptoTrading #TechnicalAnalysis #BullishSetup #SwingTrade #CryptoNuclear